TD Bank Enters into Assurance of Voluntary Compliance with Nine AGs for 2012 Breach

TD Bank, N.A. (the Bank) has entered into an Assurance of Voluntary Compliance (Assurance) with nine attorneys general to settle allegations that the company violated various state consumer protection and personal information safeguards laws in connection with a 2012 data breach. The assurance follows an investigation into the policies, procedures, and practices of the Bank following an incident in which a locked bag containing two backup tapes with the personal information of 260,000 customers went missing from the Bank premises in March 2012. The Assurance requires, among other things, TD Bank to pay $850,000 to the attorneys general.

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